When it comes to improving your home’s value, you have a number of options. However, not all home renovations are guaranteed to increase your equity; as a matter of fact, the wrong home improvements can actually end up costing you more money than they make you. For this reason, it is important that you know which home improvement projects are most likely to add the value to your home that you desire.
Kitchen. This is the most expensive home improvement project you can undertake, but it may also add the most value to your home. When it comes to a kitchen renovation, you have so many design options that you are really only limited by your imagination. For example, your kitchen’s look and feel can be significantly altered with any combination of the following: cabinets, countertops, flooring, back splashes, lighting fixtures, appliances, breakfast nooks, sinks, islands, and much more.
Fireplace. There is no replacement for a fireplace when it comes to adding ambiance to your home, and no matter what design aesthetic your home has, you can be sure to find a fireplace to suit your style. From sleek, contemporary granite flat-faced fireplaces to more traditional, brick-and-mortar freestanding fireplaces, there is a wide array of fireplace designs to choose from. Additionally, you have the option of choosing either gas or wood burning units and you’ll be able to find a Eames chair and other decor to match the mantle and over look of the room.
Master bathroom. Next to the kitchen, the master bathroom is the most important feature of the home when it comes to both adding value and selling your home for the highest price possible. Additionally, there are a lot of things you can do to a master bathroom to completely change its look and feel, and some of them only require a minimal financial investment. These lesser expensive projects include lighting, fixtures (shower head, water faucet, etc.), toilets, and certain types of tile. If you are interested in creating a luxury space, then you might want to consider installing a Jacuzzi tub, steam shower, or ambient floor heating.
Landscaping. Your home’s curb appeal is what determines peoples’ first impressions of your home, and updated landscaping can go a long way in increasing your home’s value. Your landscaping can be enhanced in a variety of ways–some more expensive than others–and it’s likely that you can do at least an amount of the work yourself.
When it comes to adding value to your home by way of improvement projects, you have a number of great options, depending on what you’re most interested in. Consider these home improvement projects when strategizing on your equity-increasing plan.